U.S. Department of Energy Extends Portsmouth Decontamination and Decommissioning Contract through March 2021

10/03/18

IRVING, Texas--(BUSINESS WIRE)--Oct. 3, 2018--
Fluor
Corporation (NYSE: FLR) announced today that the U.S. Department of
Energy (DOE) has exercised its option to extend the current
decontamination and decommissioning work on the former Portsmouth
Gaseous Diffusion Plant (GDP) in Piketon, Ohio for an additional 30
months. The contract will be executed by Fluor-BWXT Portsmouth, LLC, a
Fluor-led partnership, together with BWX Technologies, Inc. and Jacobs.
Fluor will book its share of the approximately $850 million contract
value in the third quarter of 2018.

The former Portsmouth Gaseous Diffusion Plant in Piketon, Ohio (Photo: Business Wire)

Fluor-BWXT started work on the initial five-year contract on March 28,
2011. The original contract was extended for 30 months in April 2016.
The contract extension includes deactivation and preparation for
demolition and disposal of all GDP facilities, process equipment,
related process buildings, and other ancillary facilities, and to
continue environmental remediation, uranium stewardship, and community
outreach programs.

“We are pleased with the Department’s confidence in our performance and
ability to deliver on the important Decontamination and Decommissioning
work that is well underway at Portsmouth,” said Tom
D’Agostino, president of Fluor’s Government Group. “Tremendous
progress has been made in deactivating two of the three massive process
buildings on the site in preparation for demolition and on-site
disposal. The 30-month extension allows our team to maintain the
momentum of working toward achieving our end goal in a consistent and
collaborative manner with DOE and the community.”

The DOE Portsmouth GDP is located near Piketon, in southeastern Ohio.
The Portsmouth GDP is a 3,778-acre federal reservation that was built in
the early 1950s as part of the nation’s nuclear weapons complex and
enriched uranium from 1954 until 2001.

About Fluor Corporation

Founded in 1912, Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that transforms the
world by building prosperity and empowering progress. Fluor serves its
clients by designing, building and maintaining safe, well executed,
capital-efficient projects around the world. With headquarters in
Irving, Texas, Fluor ranks 153 on the Fortune 500 list with
revenue of $19.5 billion in 2017 and has more than 56,000 employees
worldwide. For more information, please visit www.fluor.com
or follow Fluor on Facebook,
Twitter,
LinkedIn
and YouTube.